vpbank announces plans to take over weak bank

VPBank announces plans to take over weak bank

Amidst the larger backdrop of restructuring within Vietnam's banking sector, VPBank has taken centre stage, declaring its readiness and financial capability to acquire a struggling bank. This bold step signals the bank's commitment to strengthening the country's banking ecosystem.
confidence on show in banks green shift

Confidence on show in banks’ green shift

Vietnamese banks are amplifying green financing efforts amid robust government backing, navigating both advancements and industry issues.
three advanced cybersecurity technologies for banks financial services

Three advanced cybersecurity technologies for banks, financial services

Three zero-trust security technologies for banks, financial service organisations, and insurance companies were introduced at the Smart Banking 2023 international conference and exhibition held in Hanoi on October 6 to help them comply with stringent information security regulations.
smart banking conference 2023 highlights cyber security

Smart Banking Conference 2023 highlights cyber security

Policymakers, businesses and experts gathered at Smart Banking Conference 2023 on October 6 in Hanoi to discuss trends, data-driven strategies, and policies for digital technology application in the banking sector.
digital banks step up adoption of credit cards in vietnam

Digital banks step up adoption of credit cards in Vietnam

Digital banks are teaming up to accelerate the use of credit cards with cutting-edge technology in Vietnam.
several vietnamese banks see top tier reshuffles

Several Vietnamese banks see top-tier reshuffles

Some banks in Vietnam, including Eximbank, PGBank, and VIB, have recently undergone significant leadership changes.
banks address green credit significance

Banks address green credit significance

Significant progress has been made in the sustainable finance market in Vietnam, with banks actively promoting bonds and loans to facilitate the development of projects aligned with environmental, social, and governance frameworks.
banks must be decisive in green financing mission

Banks must be decisive in green financing mission

The sustainable finance market is growing rapidly, enabling the sector to meet the long-term needs of an environmentally sound economy. Allen Forlemu, the International Finance Corporation’s regional director of Financial Institutions Group for Asia-Pacific, talked to VIR’s Linh Le about the urgency for greening the sector as Vietnam.
borrowers struggle to benefit from new lending policy

Borrowers struggle to benefit from new lending policy

Borrowers are finding it challenging to obtain new loans from banks to settle their existing debts at a different bank, despite the recent implementation of a regulation permitting debt transfer.
intricacy urged in cybercrime battle

Intricacy urged in cybercrime battle

As criminals exploit advanced technologies, both banks and customers face amplified risks, necessitating collaborative and advanced countermeasures.
development banks extend role in green related loans

Development banks extend role in green-related loans

Major investment banking institutions are seeking opportunities to provide more green loans for Vietnam to support its net-zero transition.
green credit balance figures on positive trajectory

Green credit balance figures on positive trajectory

While green credit balances at commercial banks are growing, Vietnam’s legal framework on the issue has yet to be completed, making it difficult for implementation.
state owned banks leading in forex trading revenues

State-owned banks leading in forex trading revenues

The profits from foreign exchange trading at major banks are still consistently substantial, even in the face of significant exchange rate fluctuations.
us banks push deals in vietnamese market

US banks push deals in Vietnamese market

US financial institutions and digital payment innovators are intensifying their capital commitments to the burgeoning Vietnamese market.
lenders making waves to take on new loan prospects

Lenders making waves to take on new loan prospects

Some Vietnamese banks are increasingly courting foreign investors and exploring favourable loan opportunities from international organisations.